1910-04-26 — Page 5

FUTURE OF ROBBER.

“ECONOMIST" 'ANALYSES RECENT PROSPECTUSES.

VEES NO REASONS TO FEAR EXCESSIVE. ~\PRODUCTION”.

The table however is as follows,

1915-

1916.

£16.

Lbs.

005*169

in

729,500

1,381,750 1,183 cc/550

100,CDG

1,383,750.

100,Lab

לליבם

1-ak6$£

435,10

- 1913.

1913.

Lbs.

Federated Malay States 3,7,agā

Lbs. 877,7241,878.539

LDS.

3,745,4€9

***

Java

756.575

2,057.451.

$36.390)

*3.385

320,353)

232,759

660,624

Straits Settlements

1,239,818

Leylon

116,180

39.430

33,000

33,820

197,235

60.4.453 | 513.742

'76.570j

986 749 4,881,773

1,050,311

6,736,526

1,007,121; 1,680,128||

1,536,724)

2,615-456

1,676,724 7,502,470)

7,614,615 7,335,432 2,325,932

3,218,192.

1,686,724,

$74,5

50,320

368,50

128.700

122,500 1,035,000

409,40

471,500

1.10.co.

765,000

563,000)

723,000 1,020,540

628,50=

150,000

1,381,75

1,383,750

VIL419'OT BEE 12061 6890959 or 150zx 555 for 8 0.578' 568 853'z ozz'£94'01

030 DIX

joooo

posta aco's

.9.204.4

8,491.7

7,303-9

5,380.)

3,662.71

THE HONGKONG TELEGRAPH TUESDAY, APRIL 26 1010

In the light of these facts we may safely say that future Mincing Lane prices must depend largely on two questions—firat, is the American rubber going into consumption? and, second is the activity in American trade likely to Ikat ? The first question is very difficult to answer, for nobody knows what is really happening on the other side of the Atlantic

AUSTRI

BANK OF INDIA INDECHINAM's

ANNUAL MEETING,

The 56th ordinary general meeting of the shareholders of this jompany was hold on joth ult, on the bank premises at 32, Bishopsgate. street Within, under the presidency of Sir Montagu Cornish Turner, the chairman. The manager (Mr. T. H. Whitehead) haring read the notice calling the meeting,

The Chairman then mored That the income-tax on the fees of the directors and auditors. be paid by the bank," and that this Authority be retrospectiva,

Mr. Ross seconded the resolution, and it was carried unanimously

Today's Advertisement.

5.5. "AUSTRALIEN

COMPAGNIE DES MESSAGERIES › MÄRITIMESA

Mr. Smart, a resolution was passed Increasing On the motion of Mr. Rosu, saconded by

the fees of the auditors from £300 to £500 par annum, to be divided as they might agres and Mr. G. King afterwards proposed, and Mr. Vedeo, from Palamos ex 1.1. Aloire which was unanimously, approved-of Mr. James Halliday seconded, the re-election Magnus Mowat and Mr. William Adolphus Browns, F.C.A., as auditors of the bank. V

Mr. O. E. Melchers then proposed a vote of thanks to the directors, the managers, and the staff, remarking that they had alt discharged their duties very ably. Although, perhaps, the profits of the bank had not been quite so large as in former year, yet the abareholder had avsly tensor to be quite satisfied."

Mr. Halliday seconded the motion, which was carried unanimously.

The Chairman: I am glad that this resolu. tion has been passed, because 1 regard it as a volo of thanks to the staff, who this time have aut been able to participate in a bonus. No staff has worked batter than ours. I am here avery day for most part of the day and am thoroughly in touch with the staffs at home and with a good many of the staff abroad, and 1 may say that they thoroughly deserve your thanks. Next year I hope they will be able to think you for a bonus.' (Chair)

The meeting then terminated.

THE CATHAY TRUST, LD.

The Economist has taken ninety-four pros pectuses published during the last two years AMERICAN POSITION PRECARIOUS and bas examined their estimate of fatura pro- It is known, of course, that the motor trade duction and compiled aggregates for the next has developed very quickly during the last few seven years. The results, as it says, are very years, and the number of cars manufactored The Chairman said:-Gentlemen, I pre- rough indeed "As estimates in prospectusesis said to have risen from 65,000 in 1906, to sume that you will take the report an riad, and are not very reliable and many companies do 115,00 in 1909; but rising commodity prices before I move its adoption I will say a few sot pin themselves, down to definite figures." always fosters peculation in America, and it fawords, as usual. At our last nunual meeting 1 quite possible that larga quantities of rubber are expressed the opinion that we might fairly being stored now just as large stocks of copper anticipate a gradual but general revival in trade, werd stored in 1907. As tothe second question the good effects of which would be seen in the the general soundness of American trade-opin-astums. I regret to say that la degard 10 jons naturally differ; but there can, we think, be business outward from West to East-that is to little doubt that traders were speculating too say, in regard to our busiasts with the Straits, freely last autuma, that much of the raw China, and Japan-my anticipations bave no! material now being imported is bought with been fe filled. On the contrary, we have during borrowed money, and that the present mo- the past year experienced a period of dull, if meat a big strike or a disturbance in the money not stagnant trade, so far as China, Japan, and market would catch American manufacturers in the Straits are concerned. This naturally has a very awkward position. We would advise prevented our utilising to the fall advantage rubber speculators to keep their eye on the the resources at our disposal, and we have United States, remembering the sharp fluctua-therefore been unable to maintain the high tions of American trade, and that a fall in standard of earnings which we had reached in demand in just as diogerous as an increase in the prosperous years ending with 1997, supply.

THE BALANCE-SHEET. "Reference to rapent balance sheets THE CHANGSHA RIOTS, as compared with the statement laid on the Table to-day, will show a considerable and According to n telegram, dated Yochowy.16 appreciable decrease under the heading of p.m. April 8,1eceived by Mr. A. Ariyoshi, Japan-loans, advances, and bills, discounted, bearly es Consul-General, and courteously commozi. the whole of this is in connection with 'our cated to us, the situation in the suburbs of irade in the Far East As regards Chion, the Changsha was reported to be somewhat value of manufactured goods exported from threatening," although the town itself was quiet. Great Britain in 1907 amounted to 1 millions H. M. S. 7 hissls, the same telegram stated, sterling; in roof these values fell to 97 millions bad arrived at Chungsba, on Sunday, at 4 pm. erling, and in 19ng there was a further decline and Mr. li, W. Hewlett, the British Cousti, to the extent of three-quarters of a million and other foreigskri temalging on board the serling, so that in the two years the value C.N.S. Kian bad good asbare.

of exports from Great Britain to Chins, We are glad to be able to record that all the excluding Hongkong, decreased by no less refugees from Changsha speak in high praise than three-and-a-half millions sterling. So of the conduct of Mr. Hewlett in a trping also in the case of Japan, the shipments from situation and of the assistance rendered by

Great Britain in 1903 and 1959, were on less bim to all the nationalities represented in the than three and three-quarter millions sterling below the shipments in 1907. These figures speak for themselves, and, I think, ara amply sufficient to account for the decreased caring power of this bank and other kindred institu- tions doing business in the Far East. I am glad to say that markets both in China and Japan are in a bealib.er and somewhat more normal condition, and, in the ordinary | Diamonds in DUTCH BORNEO. course of events, I think we may look for better times; but it must be remem bered that the present high price of couon is an adverse factor to the extension of Langthore. A stone weighing 18 carats was found lately by a diamond digger, which caused such a stir that applications poured in to the authorities for digging licenses. In January, the number of licenses granted reached 866 in number. In February, that figure was ex- ceeded.

ESTIMATED PRODUCTION, 1910-gui

Situation

Enemas

joo1

295,141

14.000 39,00 195,000 690,0

913,5 67,500 95,0 <}

3.500 15.0 475,000

1000 522

1,380,000.

British East Africa .... Bolivia

300,000

276,758

200,000,

400.000*

German East Africa

Southern India Bordeo

buzli

**

Philippine Islands ·....

Or in toos

Total

MARKET NOT GOING TO BE SWAMPEĎ. .

It should be explained, The Economist adds, that many of ibe compantes de noi carry their estimates as far as 1915 and 1916, and that where the figures for these years are not given, we have taken the maximum of previous years as the prob.bleau pul. The totals they stand certainly do not suggest that the world's market is going to be swamped with Malsy, rubber in the nex: two or three years, The total far 192 31 4,845,000 lb or 2,100 tons, so that if we make Jull allowances for the increase ned production of existing companies, we may estimate roughly that the Malayan super will Let be more thau 4,000 ur 5,000 tous larger in 199 then it was in 1909. The 1909 figure was 4,000 tons out of a total world's production of about za,non. In other words, the Malay plantations supplied about & per cent, of the rubber output to 1949, and as likely to piadúce to or per coat. in 1911. Considering the number of Malayan

city.

A REFUGEL'S ACCOUNT,

From a missionary resident in Chaugsta at the time of the outbreak we have received through the courtesy of the China Inland Mission the following interesting account of the

riots:-

CHANGES ON THE BOARD AND IN THE",

The gathering outside the South gate on Wednesday afterabon had come together, by mutual agreement between people and officials for the purpose of discussing the situation caused by the high price of rice, especially inshire tride with the East until prices adjust view of the unexpected pronouncement on the themselves or until the price of the raw material part of the Governor that he did out consider comes down to a pormal, leval. one hundred cash a thing too expensive. Rice at sixty cash a cheng, it may be stated, rules as ávaly high price. Feeling ran high at this callous indifference on the pail of the Governor towards the welfare of the people, but nothing untoward happened valil the arrived on the scene and ordered the anest of some of those piesent. The people resented this act and attacked the Taolai, but the mes arrested were taken under guard to the prison, the crowd, rupidly gaining the proportions of formidable mob, following. They surrounded the Governor's yamen and in their determina, tion to reach 11. E. Tié: Chun-ming, part of the building was damaged.

Police Tuotai

The usual service was held in the Mission compounds that evening, and there was nothing

MANAGEMENT, Gentlenier, during the past twelve months we have bad considerable changes in the 'Count of Directors and in the manage meat of this

Gladstone found that, owing to pressure of bank. Much to our regret, Mr. Henry. Nevillo

business, be was unable to contiñan a director of this bank; and subsequently we lost by death our very valued colleague and dear old friend Mr. Emile Levita, who passed away after a very brief illness. I may also mention that we hase lost a very good old friend and valued adviser by the death of Mr. Joseph Addison

*?

A NEW SHANGHAI FLOTATION......

The Cathay Taunt, Ld., with an authorized share capital of 1,000,000, has been formed in Shanghai under the directorship of Massia |J. A. Wattio, managing director, D." "Landale, J. H. McMichael, H. & J, Macray, A. M. Marshall, W. B. Clayton and the Rev. Father G, Castrillo. Of the first)issue of 300,000 shares, preference and ordinary, 250,000 hava besn privately subscribed for and the balance" was offered to the public on Saturday, aged" inst.' The company is formed to conduct the business of an Investment and Trust and Guarantee Company, to act as financiers, concessionaires and capitalists, and further to engage in the ex- ploitation of the rubber and planting industry in Java, the federated Malay States and else

where.

Official advices from Dutch 'S. E. Borneo mention the breaking out of a diamond faver

TELUK ANSON RUBBER

ESTATES.

A general - meeting of shareholders of the Teluk Anias Rubber Estates, Ltd,, was held at the office of Messrs. Derrick and Co., al noon on Saturday, to consider offers 'for the purchase of the property. During the discus sion, further offers were made by shareholders the senior partner in the firm of Messrs. Link-present, and the meeting was adjourned to apable the, directors to consider these, the later and Company.

result of their deliberations to be placed before

The Court of Directors haye elected Vr. W,

companies floated in the last eighteen months to indicate that any special trouble was brewing. 1 H, N. Goschen, of Messrs. Hrubling and Gos.nother meeting of the sbareholders,-Straits

that is not a big change, and if demand con- tinues at its present strength there should not although it was known that the people were

be much difficulty in absorbing the new rubber at quite high prices.

DEMAND AND SUPPLY.

¦

disturbed by the scarcity of rice and the events

of the day.

chen, to a seat on the Board, and I seed not say how much we appreciate Kr. Goschen's advent to our rank.. In the management of our head office Mr. Caleb Lewis retire from

THE BANK PREMISES.

At 130 m. during Thursday night the in- mates of the China loland Mission were aroused | his position is senior manager of the bank, On this side, then, the market seems to bi by the soldiers forining the permannt guard after nearly 40 rats' connection with this in- fairly secure for at fanit two years more; but attached to each Mission in Changsha and told stitution.

By his unfailing courtesy and production is not the caly thing or the most that a mob had already attacked the Norwegian genial manners. Mr. Lewis had made himself Important thing to be considered We want Mission teu miontes away and was coming to popular with all with whom he had beco·| to know not merely how much is coming on them ocxt. A burried exodus was decided brought into contact both inside the bank to the market, but how much is like y to be upon, but the mob bad already reached the and without, and we must all sincerely desire needed by rubber consumers. The new uses compound before the missionaries could get that Mr. Lewis may be spared many years 10 that are being discovered for raw rubber clear away by a back door. They were sighted enjoy the bonourable rest which ke' bas so and the quantities now being absorbed in old by some of the risters and might have faced well earned after a very busy and energetic industries, such as tyre and shoe manuine badly, if a cry had not been raised that more to entirely devoted to the service of tures, were the subject of an article published maiuuaries were left inside the building. this bank. (Hoar, bear.) by us a few weeks ago, in which we described their pursuers left them to turn their attention the various trades that are now taking more to the Mission and the missionaries made good and more of the world's supply. But it is their escape to a y.me, where by the irony extremely difficult to say exactly how much of fate Chou lian, the originator.of the Yangtze of the raw material is used by different indus riots of 1891, is serving his life sentence: Here tries, and it is not easy to discover even the they established themselves in the official's Average quantity that goes to a single motor quarters and remained silf the morbing. At tyre. The figures are not in be bad, and so six o'clock the city seemed quiet again and as the problem of demand remains unsolved; their escort reported the Mission deserted, the but one point (apt to be forgotton by specu- missionaries made their way back to view the lators in rubber shares) is perfectly clear and wreckage of their station. The rioters had done demonstratie by statistics and that is the their work thoroughly; practically everything enormous importance of the United States as

was smashed to places or wirown, about and a purchaser of the raw material. The growing damaged. A breakfast of some kind was pro- dio of rubber shoes and the increase of the cured, but towards ten o'clock a native Chris-

It will be noticed that the figures in the balance sheet under the heading of bank pre- mises and forniture at the head office and brani

ches show a considerable increase or the amount appearing in our previous statement. The difference is mainly accounted for by the expenditure in conoscțion with the acquisition of our new London premises the full cost of which as well as the cost of acquiring premises

at Colombo and Yokohama, and the cost of

building now premises at Kwala Lumpor and Bangkok, now appears in the accounts. New office premises in London, Yakobama, Kwala Lumpor, and Bangkok wara absolutely

Times,

THE WEATHER.

The following report is from Mr. F. G. Figg, Director of the Hongkong Observatory :----- fallen quickly at Nemuro owing to the de On the 26th at 11.5; 4.-Tha barometer has pression which is moving Eastwards to the North of Hokkaido,

The barometer has risen considerably in S. Japan, and fallen slightly on the S. coast of

Chica.

Pressor is relatively low over the middle part of the China Sea. It is high over the Yellow Sea, and over the Pacific in the neigh- bourhood of the Bouins,

.

Fresh N.E, and E. winds, mag be expected in the Formosa Channel, and along the northern shores of the China Sea.

Hongkong Rainfall for the 24 hours ending at ro am. to-day, 0.00 inches,

FORECAST.

Hongkong and Neighbourhood, R. winds, freak; cloudy, some rain.

Formosa Channel, N.E. winds, fresh, 3.-South coast of Chien between Hongkong and Lamocks, Same as No. 1.

4-South coast of Chids between Hongkong, and Haloan, Samo as No. 1. 1)

Events Coming.

Wedobiday, 17th April, '' Tennis Championship H. K. G. 0. Ground,

motor industry in America have led in the lastian brought word that rioters were once more necessary for the efficient working of our busi- *few years, and particularly in the last twelve | on the move and waza going to set fire to the peas. I will now conclude by propesiog "That | 4.30 p.m.

months, to an extraordinary expansion and forelgo quarters. Once more an exodus had the report now presented, together with the Bandmann Opera Co, "The Dollar Princess,"

a comparison of American imports with the 'world's production give some rather striking

conully.

AMERICA'S IMPORTS.

.

to be effected, this time with way protions of clothing that had, besa rescued from the cè bris. The missionaries went -straight to the siver front and were taken on board the G. N. The following figures state the estimated | S. Siamgian. Shortly, aftor: noon various output of the past three years, the total buildings ware fired. The Siangtan dropped American imports, and the ratio of those down the river a shot distance, and all the Imports to the supply:-

refugers who were going to Honkew that night were transferred to the 1. C. S. Changwo, which left at about 9.30 that 'overing.

1987

1908

་

World's Americao America's Supply. Imports. Proportion,

Tour. Топа 7 (9,000. 30,600 44 65,000 34,000 52 1909 69,200 41,900 61 "Thosé figuies show clently enough how much the United States bave to do with the recent rise to prices, and we may remark that in January and February of this year exports from England to America amounted to 80,000

Some anxiety was felt regarding the fate of nativa Christians left behind; and at pre- sent little is known as to how they forad to the riots."

With reference to a paragraph in our report yesterday which represented the 0. N. 8, Stangian as the first foreign steamer to enter Ofangsha, we have barn reminded; that the f. C. S. Changwo introduced the British dng to

balance sheet and profit and loss account, be approved and adopted,"

9 p.m.

Thursday, 28th April, Sir Henry S. Cunningham, K.O.L... briefly Rugher and Hough action sale of Furniture, expressed his pleasure at seconding the at 23 Conduit Road, 2.30 p.m. motion.

Mr. H. M. Ross said he thought the share holders might well congratulate the directors of the bank upon their emerging successfully, if with somewhat diminished profils, from the troublous times of the last two years depicted by the Chairman.

Friday, 29th April.

Geo, P. Laminert, auction sala of faraltore at the "Derringians Peak Road, 2.30 p.m..

The Governor "At Home,” 9 pm. Gạo. P. Lammert, Auction sale of furnitur at No. 4 Observatory Villas, Kowloon,'ts am.

Saturday, 30th April," The Chairman then put the motion to the

Сод

Hongkong Electric Co. Ltd, Annual Mast. meeting, and it was carried unanimously. tinuing, he proposed "that a dividend at the ing at Company's offices St. George's Bullding,

4an'clock noon, jo rate of 15 per cent, par nunum, free of income, H.E., the Governor's departure on heme tax, for the half-year ended Dec. 31, last, betonva, qua now declared payable on and after the 6th Volunteer Smoking Concert, p.15pm. prox. The motion was carried unanimously M. G. &. Concert,

Resointions ware afterwards passed slection Mr. William Henry Neville Gaschens director

Hamilton, GC,811, to his sent my the board,

moniku of 1970, and 4s.co) owls, in 1908, 80 was in fact the pioneer of foreign shipping up and re-electing the Right Hon. Lord George Aka demand 10 increİRE ÖNE

the Siang river -4.02. Arme

Monday 2nd May, Geo, P. Lammert, Anction sale of Leasehold Property, at sales room, Noon Shangbai Race Manting,

:: NOTICES

ONSIGNEES of Cargo from London ex

de Cello, and Varbockwor, in connection with and Nasard, and from Bordeaux, ex us. Ville above Steamer are hereby informed that their Goods with the exception of Treasure and risks late the hazardons and or extra hazardous Vainables are being landed and stored at their Godowns of the Hongkong, and Kowloon Wharf and Godown Co Ld at Kowloon. whence delivery may be obtained immediately after fanding.

Optional Cargo will be forwarded on unless Intimation “is received from the Consignees before Neon, TO-DAY, requesting it to be landed hero.

Bils of Lading will be countersigned by the Undersigned, Goods remained unclaimed after the and May, at Noon, will be subject to rent and landing charges. "

All claims must be sent in to me on or before the 3rd May, of thay will not be All damaged packages will be examined on recognized.

and May, at 3 P.M.

No Fire Insurance has been affected.

P. THOMAS,...

Hongkong, 231h & prik, 1910.

Agent.

COMMERCIAL,

练

TO-DAY'S RUUBER QUOTATIONS.

"April 26th, 4.30 p.m. The following quotations for rubber shares, by wire, are supplied by Mosses. E. S. Kadoorie

& Co.

+1

Allegats.......mom8/6

Anglo-Java Tls, 27. Angio-Malays................. Balgownies............

Batu Tigas..................... Bertams

Bakit Kajanga

Bukit Rajahs....

Carey Uniteds

Castlefelds, be............ Changkat Serdanga ......... Oberas.....$/22/2009>160/ Damansara .........

Intimations.

THE

DAIRY FABM Uо.,

LIMITED.

Choice Australian

BEEF, LAMB, MUTTON,

·RABBITS and HARES.

ASAHI BEER SAPPORO BEER

TO BE OBTAINED

FROM ALL WINE DEALERS

THE

"HINA · PROVIDENT LOANS, AND

MORTGAGE CO,¡ LD.

-33/6

.516

120/.

ik3/ 100.

CHINA

380/

40/- prem.

(DAFIYAL PAID UP ".$1,850,000)

....120/

527

Sta

Loans on Mortgage of House Property, &c.”

.....190/-

Goods received an Storage..

Advances made on Merchandise. -

53.50

Eastern Internationals ......40/» prem. Fed. Selangor............................................................340/- Glerealys.......wives canancamisana Glenshicis ...........................160/- Golcondas ..................................................................142/- Golden Hopsi ..................................165} * Highlands and Lowlands .........172/- Indragitis........>5471' Inch Kenneth...................... 365/« Jequies..........*3/* Jonglandor.................2716 pram, Kamunings.........................................12).- prem, Kuala Lumpbis 24 immor.340/- Lanadrons (fully paid), ..................150/- Lanadrons(ppd.) immo,112/6 prom,

Ledburys 29425) Linggli imma London Asiatica London Ventures Merlimaus....mes Pajamas......cejaro??9915

Pagohs

..8/9

.8/9 ..$24..

Rubber Trusts...... 71/6 prem. ex. ú. h Saggis ..............................................320/~ Sandycrofts.......in

.So buy.

155/- prem.

Sapoog......14-233-aratin46jí

2.

Seafielda

Sekang,

Shelfords ...ispano-d.........,93/- Singapore & Johorëz .........................................$25 Sumatra Paras summons Sungel Chohannayını Sungei Kapars****** Tandjoogsersäänn .70/- prem. Tangkahs..........

.....32/6 prem.

United Serdangā ........................ United Singapores .................... Siz sālos United Sumatras menomani:$t United Langkats *****.87/6 ex rights

Para Rubber

, Loans madi on the Provident System.

(Rates and Particulars on applicaiton).

THE OFFICE OF TRUSTEE, EXECUTOR OF WILLS, ATTORNEY, 8cc.,! Dadertaken and Executad.

SHEWAN, TOMES & CO.,

General Managers.

Hongkong, teth March, rood;

MR.

NOTICE.

[R, LI HON FAN, à Chinese graduate versed in literature, has been a teacher to European officials' and merchants, in, this Golony for over ten years,

He has a good method of training Euro- poans to pass in the Chinese examination, and is possessed of a first rate certificate an a' Chiasso teacher.” He has also a good know. | ledge of Mandarin.

Those who intend learning the Chinese language are requested to write care of · Hongkong Telegraph office or direct to 37, Hollywood Road, and floor.

Hongkong, jrd January, igto,.

GREEN ISLAND CEMENT COMPANY, LIMITED.

PORTLAND CEMENT.

In Casics of 375 lbs. net 85,50 per Cask ex Factory, In: Bag of ago lbs, net 88.45 per Bag

ex Factory.

SHEWAN TOMES & 00.... General Managers. Hoogkong, reth Angust, 1008;

DRAUGHT BEER.

ENGLISH ALE AND STOUT In Stone Jar at $1.25 per Gallon.

ENGLISH ALE AND STOUT and also ASAHI BEER.

In Syphon at $1.60 per Gallon.

THE POPULAR DR. MACKENZIE'S STOUT.

(Nothing beats it for this climate, it being light, wholesome and very digestible.) PER DOZEN PINTS

Telephone 185.

Splits

$2.60

1.75

H. PRICE & CO. LD

VINE MERCHANTS,

12, Queen's Road,

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